Forming an LLC in Texas - A Checklist to Keep in Mind
If you're starting a business, then you have a lot to think about besides all the "normal" aspects of pursuing your dream. Obviously, you've already spent countless hours deciding what you're going to offer the marketplace, when you're going to bring your idea to market, how you're going to spread the word about your venture and what to do if/when your idea begins to bear fruit.
What you also need to consider is how to structure your business, as this is a critical decision that will impact every moment of your operation from start to finish. If you've decided to take a closer look at forming an LLC, then you need to understand some of the basics that are always part of an LLC, which stands for "Limited Liability Company." Below are the immediate facts you'll need to consider.
Fees
There are some fees involved with starting an LLC in Texas, but compared to other states, these costs are reasonable in general. The fee for filing for an LLC in Texas is $235, which falls about in the middle of the rankings when compared to fees in other states. There is also a fee for obtaining and maintaining a business license, and those vary based on a few factors, including location and the type of business you're starting. Overall, these are not major costs.
Name/Infrastructural Requirements
When you choose a name for your business, it must be unique from any other business name that's operating in Texas, and it must also include either the words "LLC" or "Limited Liability Company" so that outside parties understand the nature of your organization.
In terms of infrastructure, an LLC in Texas must have at least one member, which can be you, but you can also include other people, such as a partner, as members of the LLC. The only other requirements are that the members of the LLC must be at least 18 years old and an actual person or people, and all the members of the LLC must be included in the Articles or Certificate of Formation that's on file with the state.
Of course, there are other requirements that must be met, but none of them should be considered to be heavy or altogether time-consuming. If you'd like a full idea of what it takes to form and to maintain an LLC in Texas, contact the professionals at Texas Legal Entities to receive all the information you need to get your business up and running.
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